A. Description of the Firm and Principal Owners. Sandlot Partners, LLC, a Utah limited liability company (“Sandlot Partners” or the “Adviser”), was formed in March 2020 and commenced providing advisory services on November 4, 2020. Sandlot Partners sponsors the formation of various Funds and manages the investments (through various affiliated entities). Sandlot Partners provides investment advisory services to the Funds it sponsors in exchange for advisory fees and other compensation (see ITEM 5: FEES AND COMPENSATION). The Adviser is owned by Sandlot Partners Equity Holdings, LLC, a Delaware limited liability company, which is owned by Glenn Ventures, LLC, and David Jensen. Casey Baugh owns 100% of Glenn Ventures, LLC. Glenn Ventures, LLC owns 44.95% of Sandlot Partners Equity Holdings, LLC. David Jensen owns 44.95% of Sandlot Partners Equity Holdings, LLC. Other individuals and entities own the remaining 10.1% of Sandlot Partners Equity Holdings, LLC. B. Advisory Services Offered by Sandlot Partners. The Adviser provides investment management services to private pooled investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and whose securities are not registered under the Securities Act of 1933, as amended (“Securities Act”) (collectively referred to as the “Sandlot Funds” or the “Funds”). The Sandlot Funds are individually referred to as a “Client” and collectively, the “Clients.” The Adviser’s advisory services are tailored to each Fund, based on the Fund’s investment objectives, strategy and criteria, as provided in the Fund’s offering memorandum, limited liability company agreement, subscription agreement and/or other offering or governing documents (the “Governing Documents”). The Adviser is heavily involved in identifying investments for a Fund and determining the Fund’s investment objectives, strategy and criteria. In addition to sponsoring each Fund, Sandlot Partners also provides various services, including, without limitation, advising the Managers on rights related to investments held by a Fund, monitoring

investments, advising portfolio investments of Funds, providing back-office services and support (accounting, taxes, etc.), preparing offering documentation, selecting service providers, and other customary services provided by Fund sponsors. C. How Sandlot Partners Tailors its Services to Individual Clients. Sandlot Partners sponsors the formation of each Fund that it advises and is heavily involved in determining each Fund’s investment strategy and objectives. Each Fund sponsored by the advisor has its own distinct investment criteria and objectives and the Adviser tailors its advice and services to the objectives and strategy of each Fund based on the Governing Documents of the applicable Fund. The Adviser does not enter into advisory relationships or provide investment advice to any prospective or actual investors in any Fund. Accordingly, prospective investors in a Fund are advised to seek independent investment advice regarding the advisability and suitability of making an investment in a Sandlot Fund. D. Fee Wrap Programs. The Adviser Does not Participate in Fee Wrap Programs. E. Information on Assets Managed on Discretionary and Non-Discretionary Bases Sandlot Partners, LLC 6 Sandlot Partners provides investment advisory services on a discretionary basis to the Sandlot Funds in accordance with the investment objectives and restrictions set forth in their respective Governing Documents. Investment advice is provided directly to the Funds and their managers, general partners or equivalent (each, a “Manager”), subject to the discretion and control of the Manager and not individually to the investors in these Funds. An investor, limited partner or similar, (a “Member”) in the Funds generally is not permitted to impose restrictions or limitations on the management of the Funds. Notwithstanding the foregoing, the Funds, the Manager and the Adviser may enter into side letter agreements and other arrangements with certain investors that alter, modify or change the terms of the interests held by those investors. As of December 31, 2023, the Adviser manages approximately $440 million in discretionary assets and $0 in non-discretionary assets.